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September 6th, 2024
We have been informed that APRA has initiated court proceedings against Mr Michael O’Connor. As this matter is before the Federal Court, it would not be proper for us to offer any further comment on these proceedings or the subject matter of these proceedings.
September 5th, 2022
Ms. Casey Thompson has joined the board of First Super, replacing longstanding trustee Frank Vari. First Super CEO Bill Watson thanked Mr. Vari for his diligent service to fund members and welcomed Ms. Thompson as a Trustee. “Casey Thompson is an outstanding addition to our board and her new role demonstrates the ongoing renewal and […]
July 18th, 2022
On the 30th Anniversary of Australia’s compulsory superannuation system, First Super has released data showing that its Coffs Harbour members who joined the fund in 1992 have an average account balance of $163,443 – above the national average for superannuation accounts of $106,162*. First Super comes out of the furniture, pulp and paper and timber […]
On the 30th Anniversary of Australia’s compulsory superannuation system, First Super has released data showing that its Latrobe Valley members who joined the fund in 1992 have an average account balance of $251,976 – above the national average for superannuation accounts of $106,162*. First Super comes out of the furniture, pulp and paper and timber […]
On the 30th Anniversary of Australia’s compulsory superannuation system, First Super has released data showing that its northern Tasmanian members who joined the fund in 1992 have an average account balance of $172,345 – above the national average for superannuation accounts of $106,162*. First Super comes out of the furniture, pulp and paper and timber […]
On the 30th Anniversary of Australia’s compulsory superannuation system, First Super has released data showing that its Mt Gambier members who joined the fund in 1992 have an average account balance of $190,277 – above the national average for superannuation accounts of $106,162*. First Super comes out of the furniture, pulp and paper and timber […]
July 4th, 2022
One in ten members of First Super who joined the fund in 1992 currently have a balance greater than $295,000. And with some of these members as young as 47, some balances at retirement are expected to exceed $1 million. On the 30th anniversary of the introduction of compulsory super payments on wages today, First […]
April 8th, 2021
Superannuation industry leader Michelle Boucher joins First Super this week as Deputy CEO, taking on responsibility for business development and marketing and communications functions. Previously Michelle Boucher worked in executive positions at Cbus Super, between 2013 and earlier this year. Prior to Cbus Michelle worked at Emergency Services and State Super. At Cbus Michelle held […]
November 11th, 2024
Here’s a summary of what’s been happening in the investment world and how it affects your superannuation (your retirement savings). Inflation is being reigned in Central banks in different countries have been working to control inflation (the rise in prices). Their efforts are starting to work in some countries, keeping inflation within a safe range […]
September 20th, 2024
Everyone’s financial journey is different – and no matter what your age or stage of life, there are steps you can take to secure your financial future, starting with your insurance. Check your insurance cover When you first joined First Super, if you met the General Eligibility1 conditions and/or opted into our insurance, you would […]
September 16th, 2024
In the August market update, Dr Vivian Xu, Quantitative Research Consultant from the Frontier Capital Markets team talks about the market selloff at the start of August and the recovery. She discusses how Japan experienced the most extreme swing, and the volatility in global markets. But after the initial volatility, she says, it corrected quite […]
September 12th, 2024
Investing your super is like planting a seed that grows into a tree over time. By putting your money in investments, you give it the chance to grow and provide you with more funds for your retirement. It’s a way to ensure you can live comfortably and enjoy life after you stop working. Historically, investing […]
At First Super, we offer various investment options that are made up of different types of assets. An asset is like a tool you own that is expected to benefit you in the future, such as by increasing in value. Let’s take a look at the main types of assets: Shares (equities): Shares represent ownership […]
August 2nd, 2024
Here’s a look at what’s been happening in investment markets recently and what it means for your superannuation. Interest rates: will they, or won’t they? Expectations on when central banks will reduce interest rates have changed. Inflation remains stubborn and above the Central Bank range. This saw the US Federal Reserve and the Reserve Bank […]
July 17th, 2024
First Super is an industry super fund with roots in the paper, pulp, furniture and joinery and timber industries, and the CFMEU Manufacturing division is a shareholder which represents the best interests of workers in these industries. The Manufacturing division of the CFMEU is separate from the Construction division. The Manufacturing division has been successful in […]
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media@firstsuper.com.au
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